India's unicorn tally touches 50, MindTickle the latest entrant

Industry experts have been saying that the Indian unicorn list is expected to only rise as fund houses with access to liquidity are looking at avenues for investment.

With 16 start-ups gaining unicorn status in 2021, India’s tally has touched the 50 mark. 

The newest entrants to this list include Pune-based MindTickle, which is close to finalising a $100-million funding round from Softbank’s Vision Fund 2, taking the company’s valuation to $1.1 billion.

Last year, Softbank had invested $100 million in the company at a valuation of $500 million.

“MindTickle was looking to raise funds and Softbank did not want to let go of the chance and, hence, they are reinvesting in them,” said a source close to the development. When contacted, a Softbank spokesperson declined to comment.